Start-Up Costs and Fees |
||
| The Closet Factory | Precision Door Service | |
| Investment | 208500 - 356000 | 71255 - 314955 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | $500/wk. to 6K/wk. |
| Advertising Fee | 3% | |
| Year Founded | 1983 | 1997 |
| Year Franchised | 1986 | 1999 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | Precision Door Service | |
| Experience | General business experience Marketing skills People skills | |
Financing Options |
||
| The Closet Factory | Precision Door Service | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| The Closet Factory | Precision Door Service | |
| Training | On-The-Job Training: 80 hours Classroom Training: 40 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | Number of Employees Required to Run: 3 - 6 |
Expansion Plans |
||
| The Closet Factory | Precision Door Service | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Closet Factory | |
| Precision Door Service | |
| Franchise Fee | |
| The Closet Factory | |
| Precision Door Service | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| Precision Door Service | $500/wk. to 6K/wk. |
| Advertising Fee | |
| The Closet Factory | |
| Precision Door Service | 3% |
| Year Founded | |
| The Closet Factory | 1983 |
| Precision Door Service | 1997 |
| Year Franchised | |
| The Closet Factory | 1986 |
| Precision Door Service | 1999 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| Precision Door Service | 10 years |
| Renewal Fee | |
| The Closet Factory | $7K |
| Precision Door Service | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| Precision Door Service | |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| Precision Door Service | No |
| Start-up Costs | |
| The Closet Factory | |
| Precision Door Service | |
| Equipment | |
| The Closet Factory} | |
| Precision Door Service | |
| Inventory | |
| The Closet Factory | |
| Precision Door Service | |
| Receivables | |
| The Closet Factory | |
| Precision Door Service | |
| Payroll | |
| The Closet Factory | |
| Precision Door Service | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| Precision Door Service | On-The-Job Training: 80 hours Classroom Training: 40 hours |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Precision Door Service | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| Precision Door Service | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | |
| The Closet Factory | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
| Precision Door Service | Number of Employees Required to Run: 3 - 6 |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| Precision Door Service | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| The Closet Factory | |
| Precision Door Service | 0 |
| International Expansion | |
| The Closet Factory | |
| Precision Door Service | |